The deduction is limited to the sales or excise tax applicable to the first $49,500 in the vehicles purchase price, The vehicle sales tax deduction is limited to the tax paid on the first $49,500 of the vehicle's purchase price. Vehicle Sales Tax and the Alternative Minimum Tax ... Read Article

D. Extension of Credit for Installation of Alternative Fuel Refueling Property The proposal extends the alternative fuel excise tax credit and payment provisions through December 31, 2010. The incentives for hydrogen are unchanged by the proposal. ... Read Document

Pennsylvania State Tax GuideIncome Tax Pennsylvania has a flat tax rate of 3.07 percent on individual income tax, with no standard deductions or personal exemptions. Gasoline (Fuel) Tax is 25.9 cents per gallon on gasoline and 30.8 cents on diesal fuel, ... Read Article

Tax Legislative Update - Grant ThorntonPegging the excise tax and alternative credit rates for liquefied natural gas (LNG) and liquefied petroleum gas particularly hard by the cut in the alternative fuel credit rates because they would not retroactive extension of nearly all the provisions, ... Retrieve Content